– The macroeconomic backdrop supports a gradual approach to raising rates, and market sentiment indicates four rate hikes this year remains likely.
– Still, the Federal Reserve (Fed) must contend with crosswinds from trade rifts, inflation, currencies, and the yield curve when deciding on future monetary policy.
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Source:
LPL Research, Bloomberg 08/03/18
Important Disclosures:
Basis Points are a unit relating to interest rates that is equal to 1/100th of a percentage point. It is frequently but not exclusively used to express differences in interest rates of less than 1%.
The economic forecasts set forth in this material may not develop as predicted.
The opinions voiced in this material are for general information only and are not intended to provide or be construed as providing specific investment advice or recommendations for any individual security.
Tracking #1-758753 (Exp. 08/19)